Triple Five reiterates interest in Cyprus Airways

Cyprus Airways Public stated (06-Jul-2012) it received, on 05-Jul-2012, a letter from Triple Five, reiterating its interest in investing in the company. The interest is subject to certain conditions to be agreed with the Government as the main shareholder of the company, before a final proposal from Triple Five. [more - original PR - Greek]

The USD10 billion deal will create the world’s third largest lessor - and they may be more to come yet.

Avolon itself was only recently acquired by HNA Group, with the USD2.7 billion purchase agreement being finalised in Jan-2016, via Bohai Capital Holdings.

Avolon is now the core aircraft leasing brand for the HNA Group. Including assets from Hong Kong Aviation Capital, Bohai Capital and several smaller HNA Group leasing firms, Avolon has a fleet of nearly 250 aircraft and almost 200 more on order.